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Company:
Hi-Tek Manufacturing, Inc.
Plan:
Hi-Tek Manufacturing, Inc. Retirement Benefit Plan
 

Hi-Tek Manufacturing, Inc.

71 Plan: Hi-Tek Manufacturing, Inc. Retirement Benefit Plan

 
 
71
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59
78
0
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100
For the average 401k participant, the 7 point difference between this plan's BrightScope Rating (71) and the top rated plan (78) could equate to:
[How is this calculated?]
3 additional years of work
Up to $101,300 in lost retirement savings.
The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.

 

Retirement Plan Description

Hi-Tek Manufacturing, Inc. Retirement Benefit Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 71, placing it in the top 15% of all plans in its peer group. This plan is also in the top 35% of plans for Participation Rate and Salary Deferral. Hi-Tek Manufacturing, Inc. Retirement Benefit Plan currently has over 100 active participants and over $6.3M in plan assets.

 

 
Plan Component Ratings

 Retirement Plan Details

Address 6050 Hi Tek Ct
Mason, OH 45040-2602 
Industry Manufacturing
Administrator Cletis M. Jackson
Net Plan Assets $6,290,000
Total Participants 160
Avg Account Balance $41,000

 Compare Other Companies in Peer Group

Benoit Machine, LLC 66.8
Kilian Manufacturing 66.8
U.M.C. 66.1
Millat Industries 64.0
Dexter Fastener Technologies 63.6
Standby Screw Machine Products Co. 60.4

 Top 3 Funds in this 401k

1. Principal Large Cap S&P 500 Index 18%
2. Principal US Property 10%
3. Principal Diversified International 9%

  Plan Service Providers

Auditor Clark, Schaefer, Hackett & Co.
Insurance Carrier Principal Financial Group
Insurance Advisor/Broker LPL Financial Corp.

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